Hello friends, I am a new seller on Paxful, I am curious about how do sellers set up the price for bitcoin. I know they can add a margin based on the market price, that is normal.
But the price of bitcoin changes every minute, what if the price drops a lot in one day, and the buying price become much higher than the market selling price, will the sellers lose money? If so, is selling Bitcoin like gambling?
How much profit can sellers usually make? Can the profit cover the loss on the price change? what strategy to set up prices to avoid loss...
I am waiting for experienced sellers to reply...
But the price of bitcoin changes every minute, what if the price drops a lot in one day, and the buying price become much higher than the market selling price, will the sellers lose money? If so, is selling Bitcoin like gambling?
How much profit can sellers usually make? Can the profit cover the loss on the price change? what strategy to set up prices to avoid loss...
I am waiting for experienced sellers to reply...
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